1. SECOND CYCLE - MASTER'S DEGREE
  2. THE GRADUATE SCHOOL OF SOCIAL SCIENCES
  3. INTERNATIONAL TRADE AND FINANCE DEPARTMENT
  4. 2205 INTERNATIONAL TRADE AND FINANCE
Course Information Course Learning Outcomes Course's Contribution To Program ECTS Workload Course Details
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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
UTFB 526FINANCIAL MACROECONOMICS3 + 02nd Semester7,5

COURSE DESCRIPTION
Course Level Master's Degree
Course Type Elective
Course Objective The aim of this course is to understand the structure of exchange rates, to examine the economic impact channels of the decisions taken by money market actors and to try to understand monetary policy regimes.
Course Content 1. Exchange Rate Concept and Types 2. Exchange Rate Systems 3. Traditional Exchange Rate Theories Foreign Trade Flow Approach Purchasing Power Parity Approach New Exchange Rate Approaches Interest Rate Parity Approach Monetarist Approach 4. New Exchange Rate Approaches-II Portfolio Balance Approach Money Substitution Approach 5. New Exchange Rate Approaches-III Mundell-Fleming Approach Overshooting Approach Effective Market Theory Adaptive and Rational Expectations Theory 6. New Exchange Rate Approaches-IV New Information Approach Speculative Bubbles Approach Micro Structural Approach 7. Mid-term exam 8. Historical Development of Applied Exchange Rate Policies in Turkey 9. Evaluation of Exchange Rate Determinants in Turkey 10. Monetary Transfer Mechanisms 11. Evaluation of Monetary Transmission Channels in Turkey 12. Central Bank Independence 13. Interaction Between Fiscal Policy and Monetary Policy. 14. Final
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
Mode of Delivery Face to Face

COURSE LEARNING OUTCOMES
1To explain the concept and types of exchange rates, to distinguish exchange rate systems
2To explain traditional exchange rate approaches, to distinguish and evaluate modern perspectives in determining exchange rate, to explain monetary transmission mechanisms
3To evaluate monetary transmission channels in Turkey, to explain the concept of central bank independence, to explain the interaction between monetary policy and fiscal policy

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03
LO 001455
LO 002544
LO 003444
Sub Total131313
Contribution444

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)14342
Hours for off-the-classroom study (Pre-study, practice)148112
Mid-terms11111
Final examination13030
Total Work Load

ECTS Credit of the Course





195

7,5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2021-2022 Spring1DİLEK DURUSU ÇİFTÇİ
Details 2020-2021 Spring1DİLEK DURUSU ÇİFTÇİ


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
UTFB 526 FINANCIAL MACROECONOMICS 3 + 0 1 Turkish 2021-2022 Spring
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Assoc. Prof. Dr. DİLEK DURUSU ÇİFTÇİ dciftci@pau.edu.tr İİBF A0301 %
Goals The aim of this course is to understand the structure of exchange rates, to examine the economic impact channels of the decisions taken by money market actors and to try to understand monetary policy regimes.
Content 1. Exchange Rate Concept and Types 2. Exchange Rate Systems 3. Traditional Exchange Rate Theories Foreign Trade Flow Approach Purchasing Power Parity Approach New Exchange Rate Approaches Interest Rate Parity Approach Monetarist Approach 4. New Exchange Rate Approaches-II Portfolio Balance Approach Money Substitution Approach 5. New Exchange Rate Approaches-III Mundell-Fleming Approach Overshooting Approach Effective Market Theory Adaptive and Rational Expectations Theory 6. New Exchange Rate Approaches-IV New Information Approach Speculative Bubbles Approach Micro Structural Approach 7. Mid-term exam 8. Historical Development of Applied Exchange Rate Policies in Turkey 9. Evaluation of Exchange Rate Determinants in Turkey 10. Monetary Transfer Mechanisms 11. Evaluation of Monetary Transmission Channels in Turkey 12. Central Bank Independence 13. Interaction Between Fiscal Policy and Monetary Policy. 14. Final
Topics
Materials
Materials are not specified.
Resources
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam50Final Exam
Midterm Exam50Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes